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In the fiscal years 1992 through 1994 over 100 million dollars in contracts were terminated for default by the Department of the Navy (DON) alone. There is a need for the Department of Defense (DOD) and the DON to develop or use an accurate and dependable means for assessing which contractors will be able to remain financially capable of fulfilling the terms of their contracts. Currently the Navy uses standard accounting measures and other financial accounting ratios to determine the financial capability of prospective contractors. While the standard accounting ratios and measures have performed adequately, it is possible that improved measures,such as Economic Value Added (EVA (TM)), may exist. This thesis provides some evidence, based on statistical tests using EVA TM data and financial ratio data for the years 1983 through 1992, on the potential value of EVA(TM) as an information item. Specifically, this study determined that EVA(TM) was unique and distinct from traditional accounting ratios and that past EVA TM is an effective predictor of future EVA(TM)

The Department of Defense and its budget has been subject to many changes over the last decade, The change in the Department of Defense's budget effects the financial condition of defense industry firms. These defense ...

Department of Defense (DOD) service components are dedicating significant financial and human resources toward achieving unqualified opinions on audits of their financial statements. The DOD has endeavored to produce ...

The thesis identifies conditions associated with production
cost overruns or underruns on major weapon systems. The
analysis used U.S. military fighter/attack aircraft. First,
relying on techniques developed in prior ...